Bangladesh currently imports around 7 million tonnes of wheat annually, mainly from the Black Sea region.
This inflationary trend comes despite a bumper Boro crop, the largest in Bangladesh’s history.
The MOU allows the Government of Bangladesh to purchase 700,000 metric tons of U.S. wheat annually for the next five years
The facility is designed to store 76,200 metric tons of wheat, with six steel silos, each capable of holding 12,700 metric tons